2021 Affordable Health Insurance Plans in New Mexico

No matter the state you reside in, health insurance is essential for maintaining your family’s security and health. Residents of New Mexico are no exception when it comes to prioritizing their health. Not having health insurance can be disastrous if you fall ill, but it is just as crucial if you are in good health. Health insurance allows you to see your physician for regular testing and physical examinations, which are the first steps in maintaining your wellbeing, especially as you age. Luckily, enrolling in healthcare your family can afford is as easy as visiting healthcare.gov. The federal government-run website displays multiple options for affordable healthcare in the state of New Mexico.

Highlights and Updates

  • New Mexico residents are eligible for enrollment in the Affordable Care Act by visiting Healthcare.gov.
  • New Mexico also offers Molina Healthcare, Ambetter from Western Sky Community Care, True Health, Blue Cross/Blue Shield, and Friday Health Plans.
  • Additionally, New Mexico has a state-run health insurance option for its residents called BeWellnm.
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How to Buy Health Insurance in New Mexico

The state of New Mexico offers several websites where residents can look over health care options before applying through said websites, including:

Each of the listed websites above can help New Mexico individuals and families search for affordable health care plans.

Health Insurance Carriers in New Mexico

The state of New Mexico offers several different types of government-managed health insurance plans for residents who do not carry employer-based healthcare policies, such as:

  • Affordable Care Act “Obamacare”
  • Medicare/Medicaid
  • BeWellnm
  • True Health New Mexico
  • Constant Care
  • Blue Cross and Blue Shield of New Mexico
  • Molina Healthcare
  • Friday Health Plans

What are the Cheapest Health Insurance Companies in New Mexico?

In New Mexico, the cheapest health insurance plan is Constant Care Silver 1, which is consistently the most affordable plan in every county except Santa Fe. Friday Health Plans (Silver) is the cheapest in Santa Fe County, New Mexico.

How has Obamacare Helped New Mexico’s Uninsured?

The residents of New Mexico have greatly benefited from the Affordable Care Act or Obamacare. Since the ACA bill was put in place in 2010, over 45,000 New Mexico residents have enrolled in Obamacare.

New Mexico Health Insurance Costs Overview

Not unlike most states, New Mexico offers tiered health insurance plans. These plans are categorized in Gold, Silver, and Bronze.

How Much Does Health Insurance Cost in New Mexico?

In 2021, the average cost of health insurance in New Mexico is $350 per month for an individual.

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What is the Cheapest Health Insurance Plan in New Mexico?

The most affordable health insurance plan in New Mexico is Constant Care’s Silver tier 1. This plan costs $313 per month per individual.

Cheapest New Mexico Health Insurance Coverage by Metal Tier

Gold Plans

The cheapest Gold-tier plan for healthcare in New Mexico is Friday Gold, which costs $301 per month per individual. It also has a $2,300 deductible and an $8,250 maximum out-of-pocket cost.

Silver Plans

The most affordable Silver-tier health insurance plan in New Mexico is Constant Care Silver 1, which has a monthly cost of $313, a deductible of $6,100, and a maximum out-of-pocket of $8,500.

Bronze Plans

The cheapest Bronze-tier health plan in New Mexico is Friday Bronze, which costs $219 a month, has an $8,550 deductible, and a maximum out-of-pocket of $8,550.

New Mexico Health Insurance Costs by Occupation

In New Mexico, the majority of full-time employers offer employer-sponsored healthcare plans. However, if an employer does not offer health insurance to their employees, or if employees would like to decline the employer coverage, they can seek other options on the marketplace.

What is the Average Cost of Health Insurance for a Student in New Mexico?

New Mexico students who are enrolled in school can stay on their parents’ healthcare policy. They also have the option to purchase their student healthcare insurance plan or an individual healthcare plan.

What is the Average Cost of Health Insurance for the Self-Employed in New Mexico?

New Mexico residents who are self-employed can shop for healthcare plans through the federal market. Once online, they will be able to browse a variety of plans and price points.

What is the Average Cost of Health Insurance for Small Business Owners in New Mexico?

The cost of small business owner health insurance varies from company to company. However, BeWellnm offers a favorite plan that is popular with businesses. BeWellnm is a leading healthcare insurance provider in New Mexico and is also one of the most affordable.

New Mexico Health Insurance Cost by Number of Participants

Premiums for healthcare plans in the state of New Mexico vary for individuals and families.

What is the Average Cost of Health Insurance for Families in New Mexico?

The average cost of health insurance for New Mexico families is as follows:

  • One individual, plus a child, is $653 per month.
  • A couple is $817 per month.
  • A family of three costs $1,062 per month.
  • A family of four costs $1,307 per month.

What is the Average Cost of Health Insurance for Individuals in New Mexico?

The average cost of health insurance in New Mexico for a single individual is $323 per month.

What is the Average Cost of Health Insurance for a Child in New Mexico?

The average monthly cost for a policyholder, plus one child, is $653 per month.

Other Types of New Mexico Health Insurance Coverage

Catastrophic Health Insurance in New Mexico

Catastrophic health insurance is available in New Mexico via the Friday Catastrophic plan. This plan is $211 per month, with an $8,550 deductible and a maximum out-of-pocket price of $8,550.

Short Term or Temporary Health Insurance in New Mexico?

Short Term Health Insurance is available in New Mexico and typically offers coverage that runs in 12-month intervals. There is a restriction on the renewal of Short Term policies in New Mexico, making residents unable to carry a plan longer than 24 months.

Low-Income Health Insurance in New Mexico

Low-income New Mexico residents can apply for affordable health insurance policies through the healthcare.gov website. These policies include Medicaid and ACA, or Obamacare.

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